After the IPO in late 2019, it has been in a downtrend. I am not sure if i captured the correction wave accurately but it seems the new primary is underway and 5th will be an extended wave, taking it back close to its IPO price.
There is a sectoral trend as well - ICICI Sec, MOSFL, Angel as well as AMC like Nippon are showing traction.
Also Pole and Flag pattern is indicating that the 5th will be very steep.
Lets hope wider market keeps supporting for some time.
There is a sectoral trend as well - ICICI Sec, MOSFL, Angel as well as AMC like Nippon are showing traction.
Also Pole and Flag pattern is indicating that the 5th will be very steep.
Lets hope wider market keeps supporting for some time.